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.6 trillion of new revenue. boehner had agreed to $800 billion. it's not hard to find $1.2 trillion as a kind of middle ground to that. then you want to have $4 trillion of total deficit reduction, so that leaves $2.8 trillion of spending reductions that have to happen. here's what people miss. we can avoid going over the cliff with the stroke of a pen. they can just extend all this stuff and kick the can down the road. the real question is are we going to have a big deal? are we going to agree on the major spending restraints that we need as well as the tax stuff in order to actually get the deficit under control? and i think the betting on that is less than 50%. i think we have a great shot at it. but it's going to be really, really hard. >> is that the view from wall street, too? they're not totally confident that this is going to happen? >> what you see in the stock market at the moment is that wall street is not totally confident. that's for sure. >> all right. steve, thanks so much. >> pleasure. >>> coming up, independent senator-elect of maine, angus king joins the conversation. he's a
the election, speaker boehner sate said the fight is over and it is i now the law of the land. do these refusals mean the fight may not be over? >> i think the federal government is prepared to run exchanges in the states that don't cooperate. speaker boehner is right, the congress will no longer talk about repealing the law. i think if congress we will see pb cans raising portions of the law they think are controversial or may be able to attract democratic votes and peel back smaller pieces of the health reform law. >> what's your best guess that the the states will adhere to the deadline. mid december ito make their attentions known. >> i think it is important to note the health reform law, people have to select plans beginning in ok of next year and the plans go live in the year following. there's not a lot of time between now and then. states want to run their state exchanges we will know by december which ones are ready and which aren't. >>> ahead, getting to the truth about ben benz. a house member who grilled general petraeus on captiol hill joins us in just a moment. yeah,
. former lt. governor of new york. and author of decoding the obama health law. john boehner said it is now the law of the land. good to see you. biggest colonel to me, my family and to people out there watching. will my quality of care care change? >> first of all, you may lose the plan you get on your job. and you may lose full-time job status as a result. this law says that employers. >> is this all of it. >> this is all of it. >> we like our guests to bring us cake not 2,000 pages of healthcare legislation. >> unfortunately this is what you have got. this law says that employers with 50 or more full-time workers have to provide health insurance. not just any health insurance but the one size fits all government designed plan. that cost almost twice as much as what many employers currently provide. so, as a result. employers in many cases are going to drop the coverage and may even move their full-time employees into part time status to avoid the penalty. >> we have already seen companies doing that. >> that's right. and the government actually predicts that under this employer mandate,
Search Results 0 to 5 of about 6 (some duplicates have been removed)